Continuing claims rose to their highest level in almost two years, according to the latest data from the Department of Labor.
- Seasonally adjusted insured unemployment during the week ending November 4th was 1,865,000, an increase of 32,000 from the previous week’s revised level and the highest level since November 28th, 2021.
- Economists projected a smaller rise to 1.847M
Initial Claims. Seasonally adjusted initial claims rose to 231,000 for the week, an increase of 13,000 from the previous week and the highest level since the first week of August.
- Economists projected a smaller increase to 220k.